How Much Does It Cost To Start An Online Casino

3/29/2022by admin

To start an online casino one should consider the four main ways:

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1. Design and implementation of casino software by your own forces

Answer (1 of 11): The popularity, profitability, and rapid spread of online gambling make more and more entrepreneurs interested in the question: how much online casino costs. In fact, the amount of starting capital can have a wide range. The main factor of impact is the scale of the establishmen.
The games do not offer 'real money gambling' or an opportunity to win real money or prizes. The games are intended for an adult audience. Practice or How Much Does It Cost To Start An Online Gambling Site success at social casino gaming does not imply future success at 'real money gambling'.
This is a great option to start as long as you do not have enough money to hire a large number of employees and train them. Thus, your total starting capital should be from $20000 to $25000. Now, you know the costs of starting an online casino. It is time to learn how to save! The Most Profitable Way to Open Your Casino.

Casino.org is the world’s leading independent online gaming authority, providing trusted online casino How Much Does It Cost To Start A Small Casino news, guides, reviews and information since 1995. Dec 21, 2015 An Antiguan license will cost around $100,000 for a casino, an extra $60,000 for a sports book, and in Gibraltar licenses coast £2000 for the year. So, we have already racked up setup costs of a.

This way presupposes the whole process of creation, implementing and marketing performed by yourself. This can cost millions of dollars to handle the issue of starting your own online casino by yourself.

PROS	CONS
1. Full control over the casino	1. Extremely expensive
2. Source code ownership	2. Approval from third parties necessary
3. No Royalties	3. Tough and expensive advertising and marketing

2. Become a licensee of an online gambling software provider

This method means leasing online gambling software from a software vendor. This will be much less expensive in terms of money and effort. Usually online gambling software costs from $30,000 to $400,000 down-payment. In most cases you will be included into an already existing network, so less time and money will be spent by you. But software vendors work on a revenue share basis requiring from 30% to 70% of profits generated by you. Moreover, you’ll have to comply with certain rules set by the software vendor.

PROS	CONS
1. Less money to start	1. No full control over the casino
2. Less effort for a casino set up and advertising	2. Necessity to comply with rules of software vendor
3. No need to be approved by third parties	3. Monthly royalties

3. Become an Affiliate of a licensee

This option is the least expensive. This scheme works as follows: you receive a casino website and make all marketing and advertising job and receive a small percent from a licensee. The average cost of such solution is from nothing to $10,000.

How Much Does It Cost To Start An Online Casino

PROS	CONS
1. Relative cheapness	1. No control over business
2. No responsibility	2. Small profits
3. No organization effort	3. Full dependence on the will of a licensee

4. Purchase Online Casino Software from a Developing Company

This option can be considered one of the best ways to start your online casino. You purchase ready-made online casino turnkey solutions from a software developer. The software is installed on your servers under the domain name you choose. All technical aspects like server configuration, software customization, design, and payment systems implementing is done for you by the developing company. The approximate cost of the solution is $60,000-$500,000. After you have purchased you casino you are provided with control and management tools and become the only owner of an online casino with no revenue share necessity.

PROS	CONS
1. Full control over the casino	1. Full responsibility
2. No Royalty payments	2. Licensing procedure done by yourself
3. Custom made solution	3. More effort on marketing

The cost of Curacao gambling license is both attractive and fair. It is an ideal offshore solution for those who want to run a successful international gaming business remotely. Fast licensing application service allows the online casino to operate within the shortest time possible and the reasonable license price helps enter the market even with the limited seed funding.

Why do many owners of gambling businesses give preference to Curacao jurisdiction? Besides global recognition and low pricing factor, the answer lies in its simplicity: a simplified registration procedure with a minimum set of documents and a low barrier to entry.

How much does a gambling license Curacao cost?

The cost of gambling license depends on many factors and can vary depending on the availability of the client’s personal resources.

In total, Curacao license will initially cost under 20,000 euros. Compared to other jurisdictions, the price is really affordable. Curacao gambling license allows to open an account at the European bank branch and seamlessly connect every reliable payment system to the online casino.

Another thing you should take into consideration when calculating the egambling license price is a taxation system each particular country. Some jurisdictions may seem more profitable as they offer lower online gambling license cost but at the same time, the taxes you’re obligated to pay yearly will be higher. Due to the flexible tax laws, Curacao is a perfect choice – income tax here is up to 2%.

This price of Curacao license includes:

the registration of the local offshore company in order to use the preferential terms;
issuing of a gambling license;
rated local hosting and server space;
management of the local company during the first year;
the Committee services, filing, and registration of all the necessary documentation that will take on average 2-3 weeks from the moment of submission.

There are a lot of factors that determine the final cost of a gambling license, all of which depend on the services your establishment requires. The following table includes the expected fees and cost of the Curacao license if you opt for the basic package.

Registering a Trust Company in Curacao
Local Managing Director
Local Physical Address
Export Zone Status

€9,000

Minimum Gaming Hosting Services and Server Space
Curacao Data Back-Up Storage

€20,000

First things first, in order to start your business and apply for a license, you must have a trust company in Curacao — only local companies can apply for gambling licenses. In order for the said trust company to comply with the country’s laws, it will require a local physical address and a local managing director, and the price for both is also included in the total cost of obtaining a Curacao license. The price also covers everything from maintenance to various government fees, as well as opening a bank account.

An excellent thing about having a trust company in Curacao is that you can register a Curacao Export Zone company. By having an Export Zone company, your business will be required to pay significantly lower corporate income taxes — up to 2%. In addition, there is a sales tax of 6%.

Next, the applicant will be expected to pay for the gaming license itself and IP compliance services. These include one-time fees and deposits, such as various administrative fees while your license is being reviewed. Apart from that, the applicant is also expected to deposit the application fee and the fee for obtaining and maintaining the license — you are obliged to pay annual license fees. Keep in mind that the price can fluctuate and will depend on the size of your business, its complexity, as well as your personal resources.

Lastly, since you will most likely be running your business remotely, in order to meet permanent establishment requirements, you will be expected to host the servers locally. As we’ve stated in the table, the price includes the minimum gaming hosting services and will, naturally, increase as does your demand for more server space.

These are only some of the most significant services you will be required to pay for in order to obtain the license. Again, not every price is set in stone and it may change depending on various factors, but this should give you a general idea of what to expect if you are planning on obtaining a Curacao gaming license.

How to issue a Curacao license?

Entrepreneurs or anyone with an entrepreneurial mindset who delves into the world of online gambling, do not fully understand all the niche-specific nuances of how to conduct a gambling business legally and do not know how to deal with issues that may arise afterwards. GamingLicensing can offer its professional help and answer every question regarding the process of issuing a Curacao license. You can consult the experts anytime you’re willing to clarify any aspect you have problems with. GamingLicensing team will help will help you not only find out how much is a gambling license but will also take care of the whole license issuing process.

GamingLicensing experts are familiar with all the laws of Curacao, so there is no doubt that the application for a gaming license will be issued in agreement with all the international requirements and lawful regulations.

GamingLicensing provides a turnkey registration of the Curacao license. GamingLicensing service has no hidden costs or fees – only fixed price according to the contract.

In order for us to serve you better, following documents should be provided upon our request:

identity card;
bank reference;
English translation of all the documentation;
information on the company’s revenues;
the company’s business plan.

Should you obtain a gaming license?

No question about it! The license is the only thing that helps an online gambling business operate within a legal framework, but it also guarantees a responsible approach while working with international client base.

There are four types of gambling market regulations, and they vary depending on the country that:

How Much To Start An Online Casino

regulates gambling on their territory;
regulates and implements the monopoly;
prohibits any form of gambling on their territory;
does not have a gambling industry.

How Much Does It Cost To Set Up An Online Casino

If gambling business conduct is not specified by the legislation of the country, you can use the international licensing services offered by such jurisdictions as the Isle of Man and Gibraltar, Malta, Curacao, Alderney and others. And if you have a hard time choosing one (or several) of those as all of them have different gaming license cost, tax rates, advantages and special aspects, GamingLicensing is always ready to help you make a perfect choice.

How to get a gambling license?

Getting a gambling license can be tricky. Gambling business is a specific niche area that is even banned in some countries. Therefore, in order not to violate the local law and be able to conduct a legal business where it is possible, it is recommended to get the permission from relevant jurisdictions that are more loyal to the online casinos. One of the most profitable and reliable options available today is Curacao jurisdiction, where you can get a gambling license in no time, which is (considering affordable Curacao gaming license cost) is a great way to start a successful business even for the first-time entrepreneurs.

This jurisdiction has been operating since 1996 and is recognised today as one of the most reliable and stable. Besides, one license applies to all types of gambling business activities.

To get a gambling license, you must be registered in the Chamber of Commerce of the Antilles, to be able to create an offshore company. Then, you will have to collect and prepare a minimum package of supporting documents to back up your application.